Commission to hear results of financial audit

March 18, 2014 • Local News

Commissioners will learn Thursday the details of how well the county performed financially during the last fiscal year.

An independent firm will present the board with the results of its annual financial audit using a live video feed during the regular commission meeting.

Though the report reveals a shrinking budget, spending cuts and other conservative financial decisions were made to keep the budget in line.

Overall, the county received a clean report.

“We had a very good audit,” said County Manager Stan Riggs. “All in all, we’re pretty pleased with our internal controls, and the way our budget works.”

Heinfeld, Meech [auth] & Co., of Tucson, Ariz., will discuss the findings after reviewing financial statements for several county funds, including the general fund and special revenue funds, and internal controls for the year ending June 30, 2013.

All funds presented “fairly,” according to the report.

The auditors pointed out several “key highlights” found in the county’s 2012-2013 budget.

The county spent 17 percent less — nearly $6.3 million — than last year.

Most of the cuts were made to general government, health and welfare budgets, as the county received less revenue from investment income, and the state and federal government.

The county received $28.3 million in revenue — $3 million less than in 2012. Total spending was $30.7 million, compared to $37 million in 2012.

General revenue from governmental activities accounted for $23.6 million, or 83 percent of all revenue.

The county took in $4.8 million in service fees, grants and contributions.

The general fund had $15 million in revenues, made up of property tax and intergovernmental revenues.

The county spent nearly $14 million of that.

The fund’s balance decreased by $1.5 million to $13.8 million. This decrease was caused by a reduction of investment income, and when money was transferred to the road fund to pay for operations.

The road fund received nearly $2 million in revenues, mostly from gas and motor vehicle taxes, and intergovernmental revenues.

Road fund spending totaled $4.6 million. By the end of the fiscal year, the fund had $1.4 million.

The Indigent Hospital Claims fund took in about $3 million, mostly from gross receipts taxes. The county spent nearly the entire fund.

The Detention Construction fund received $1.5 million, mostly from gross receipts taxes, and the county spent $3.3 million. The fund’s balance increased by $5.7 million after it received loan funds.

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